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Dec 10, 2012
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we agreed and a lot of people say how are we going to compete with china and we can have the entire world at our disposal. under which the best people in the world can come to the u.s. and start businesses. >> then we have to focus on a special in the corporate tax reform to get the system which is simpler and promotes efficiency and these are for american businesses. then we have to and that will -- efficiency will be enormous. the next is an infrastructure investment to be made. in the context of the budget deal we are getting where we will spend less going forward. we have to think about what our values are and the most important things we can spend money are on infrastructure to make investments in the future rather than have short-term spending. and twin that with support for research, basic research and higher education and for education. if government does that and create some certainty, tell us what it will be. with respect to health care costs and energy costs. and then i think it will create the conditions under which businesses will be able to create a renaissance of american c
we agreed and a lot of people say how are we going to compete with china and we can have the entire world at our disposal. under which the best people in the world can come to the u.s. and start businesses. >> then we have to focus on a special in the corporate tax reform to get the system which is simpler and promotes efficiency and these are for american businesses. then we have to and that will -- efficiency will be enormous. the next is an infrastructure investment to be made. in the...
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Dec 10, 2012
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guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the pentagon and sequestration. that call it put the figure of the wars at $300 billion. guest: i think it is higher. it probably goes higher than that number. host: overall? guest: the oco funding got up to about $170 billion at its highest point. it is well in excess of $300 billion. we are probably talking close to a trillion dollars, depending on how you do the math. host: paul, are you in the military? caller: retired. host: go ahead. caller: we had a certain amount of money we had to spend on repair ports every quarter. we were told if you do not spend
guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the...
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Dec 31, 2012
12/12
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on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand if you have heard of that? i thought we would have more in the audience. the reason you have not heard of it is that it only allows from 1960 until 1975, when things did not go that well. the point of the example is that they don't last. they go on for a while and systems are prone to booma nd bust. -- boom and bust. we keep thinking the chinese one is going to last forever. this is going to last forever. it is going to slow down a lot more. why does that give us insight into the grove miracle? let me take
on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand...
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Jan 1, 2013
01/13
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we're helping china explore. -- china is now exploring. we're helping china explore. it think i will cycle down to the topic of renewable. renewables are critically important. everything you hear me say fit into an all of the above energy strategy. our prediction if things go very well is that renewables could supply 30% of the world's energy plan by the middle of this century. that of the growth we have not seen anywhere in the world before now. i will stop there. >> a quick follow up on that. it sounds like a small summit. it is a low growth rate. which rain nobles in particular do you see having that sort of potential? >> double energy demand in world. they supply 30's are of it from renewables. it takes everything. yet here is part of that. there are some breakthroughs coming through. -- wind is part of that. there are some breakthroughs coming through. all of these are important. they all need additional technology applied to them. it is always interesting to see what we as a company do. our focus when it comes to the idea of why we would push renewables our focu
we're helping china explore. -- china is now exploring. we're helping china explore. it think i will cycle down to the topic of renewable. renewables are critically important. everything you hear me say fit into an all of the above energy strategy. our prediction if things go very well is that renewables could supply 30% of the world's energy plan by the middle of this century. that of the growth we have not seen anywhere in the world before now. i will stop there. >> a quick follow up on...
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Dec 11, 2012
12/12
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a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 billion people? the answer is we can have the entire world at our disposal by creating conditions that the best people in the wormed can come to the united states and study. >> and stay and start businesses. >> two, then we have to focus on faction, particularly the corporate tax reform, to get a system which is simpler and promotes efficiency and makes it easier for businesses to compete if the world. third, then we have to -- that will create -- that will be enormous. third, then there is a infrastructure investment that needs to be made. this is very important because in the context of the kiped of budget deal we'll get where we'll spend less going forward as businesses, we have to think about what our values are with respect to what we'll spend money on. the most important things we can spend money on is infrastructure to again create -- make investments in the future rather than just short-term spending. and then twin that with important support for research, basic resea
a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 billion people? the answer is we can have the entire world at our disposal by creating conditions that the best people in the wormed can come to the united states and study. >> and stay and start businesses. >> two, then we have to focus on faction, particularly the corporate tax reform, to get a system which is simpler and promotes efficiency and makes it easier for...
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Dec 24, 2012
12/12
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but competitors in china are, rush show were trading on a daily basis. -- my competitors in china and russia work training. this is a position of irritation of a triple jump. i was like a robot in the sense that everything i was doing, the hours i was putting in it, the morning, the afternoon, the evening, i trained all they basically. my first session, 10:00, i was basically of the rank by nine and my last session would be at 6:00-6:30. then i would go to the gym. i look back, no wonder i was in really good shape. >> where did that drive? how did that drive? where do you get that drive? >> we were talking earlier about the role of parents. when you had mentioned the tiger mom or the tiger parents, we did not have tiger parents. they were there to support me and be there in times when i needed a push culminated motivation. it is just one of those things when you have a passion and a vision. you do not see anything else. that is what drives you every day. >> you just got engaged. are you going to be a tiger mom. [laughter] >> looking at the way i was raised with a set of rules and just
but competitors in china are, rush show were trading on a daily basis. -- my competitors in china and russia work training. this is a position of irritation of a triple jump. i was like a robot in the sense that everything i was doing, the hours i was putting in it, the morning, the afternoon, the evening, i trained all they basically. my first session, 10:00, i was basically of the rank by nine and my last session would be at 6:00-6:30. then i would go to the gym. i look back, no wonder i was...
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Dec 25, 2012
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my relation to china -- i went with a professor who went to china. the press said -- what are you doing? >> i said i am writing a book. there are about 600 of them and they speak english. it is like talking to a group in texas. there is no problem in understanding how the system works. exactly what they said. how do we get from here to there? to which my response is, i do not know. that is a problem for you to solve, i cannot do it. what is it that they seem to be interested in? it is so obvious. do you think this rule of law has been given on day one and suddenly it was followed? of course not. do not think democracy will solve them. it is both your friend and your enemies. hamilton and madison right the document. it is a very good document. ask any of us on the courts, we would be in agreement on the basic things. the basic framework is it creates institutions of democracy. people can decide for themselves what kinds of community they want it is a special kind of democracy. it is a democracy that protect certain basic human rights that assures some
my relation to china -- i went with a professor who went to china. the press said -- what are you doing? >> i said i am writing a book. there are about 600 of them and they speak english. it is like talking to a group in texas. there is no problem in understanding how the system works. exactly what they said. how do we get from here to there? to which my response is, i do not know. that is a problem for you to solve, i cannot do it. what is it that they seem to be interested in? it is so...
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Dec 27, 2012
12/12
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it gobbled up everything produced in japan and later in china. and for the american owners of these distant factories, they said their profits to wall street, a form of tribute to the global minotaur. what do bankers to when such a tsunami of capital comes their way daily? between $3 billion and $5 billion every week. they find ways to make it grow, to read -- to breed on their behalf. the us in 1985, 1990's, you saw an explosion of money minting on the back of the daily capital tsunami that floated to feed the global minotaur. just like its mythological predecessor, the global minotaur has kept the economy going for decades. until the pyramids of private money built on the tribute collapsed on their own weight. planet earth was simply not large enough to hold it so much private toxic money. money like a paper that burns down once the collapse begins. in this confederation, the -- in this conflagration, the global minotaur was wounded. while in rude health, the minotaur formed new forms of pleasure and new forms of deprivation. ample security for
it gobbled up everything produced in japan and later in china. and for the american owners of these distant factories, they said their profits to wall street, a form of tribute to the global minotaur. what do bankers to when such a tsunami of capital comes their way daily? between $3 billion and $5 billion every week. they find ways to make it grow, to read -- to breed on their behalf. the us in 1985, 1990's, you saw an explosion of money minting on the back of the daily capital tsunami that...
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Dec 3, 2012
12/12
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we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in the united states where we cannot, but there is a very strong part of this report that says it has to be done safely and we know how to do it safely. that is one contribution of those of us who have served in the armed forces, we do a lot of dangerous stuff in the armed forces, fuel, nuclear power, explosives. the way we do that safely is a high standards, rigid enforcement, and very professional inspectors to do it. we strongly recommend applying this model to regulatory body so that we can do this safely, so that we can do oil retractions safely. that we can
we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in...
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Dec 13, 2012
12/12
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in china. so effectively what we did, we borrowed money from china to be able to send it back to china to be able to study problems there. let's get americans back to work. we took another $2.6 million to be able to train chinese prostitutes not to drink too heavily. i think we have a better use for american dollars. right now, america is facing a fiscal challenge a fiscal event. the problem resides not with americans being taxed too little, but government spending too much. we have a caucus that's dedicated to getting americans back to work, to bringing fiscal sanity into the process. and to never, ever forget it is not washington, d.c.'s money, it's the american people's money. let's stand up to them first rather than for more and bigger government. with that, i yield back. >> i thank the gentleman, so well said. jobs, the economy, economic growth. mrs. blackburn: we have to have economic growth. continuing to raise tax rates, continuing to escalate spending, doesn't do that. what we want to
in china. so effectively what we did, we borrowed money from china to be able to send it back to china to be able to study problems there. let's get americans back to work. we took another $2.6 million to be able to train chinese prostitutes not to drink too heavily. i think we have a better use for american dollars. right now, america is facing a fiscal challenge a fiscal event. the problem resides not with americans being taxed too little, but government spending too much. we have a caucus...
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Dec 6, 2012
12/12
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we're thinking that pressure needs to be brought on china. goods made in germany, sold by that company to the chinese company that thinks it will keep it in china, but in fact it is going to iran. all it a country of tr concern. we're thinking maybe it is time that china is called out on that. china needs to be pressured to stop a local in the system internationally that is being created to keep iran from outfitting its centrifuge program. that effort over time has had tremendous success. with more and more sanctions, it is been more successful. more purchases stopped, more interdiction's, more trouble for iran to make progress. >> in terms of u.s. non- proliferation programs, david is emphasizing some of the holes that exist, particularly in controls and lack of enforcement of existing sanctions legislation. what is your assessment of non- proliferation programs? >> when you hear discussions on sanctions, these are the things we tried to do to cut off supply. there are more things that could be done to enforce things, have better training in
we're thinking that pressure needs to be brought on china. goods made in germany, sold by that company to the chinese company that thinks it will keep it in china, but in fact it is going to iran. all it a country of tr concern. we're thinking maybe it is time that china is called out on that. china needs to be pressured to stop a local in the system internationally that is being created to keep iran from outfitting its centrifuge program. that effort over time has had tremendous success. with...
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Dec 27, 2012
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you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams like all the economy's got to a point where it had to be based on growth. it could not just be sustainable. it had to grow. and that meant more consumers. so, then, that led to a lot of things ecologically that were not good for the earth's, things that people did to maximize profits. so, that is one thing. is there the possibility there might be a new economy that is not based on growth? second, if you do not have consumer demand at the same level that he used to -- and of course, i think that is why. one of the pieces that you talked about is that americans are credible consumers come away more than eur
you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams...
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Dec 17, 2012
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also he said he would like to stop the challenge from china over the disputed islands. will the u.s. support that division? >> first of all we would like to congratulate liberal democratic party presidential and so i -- election.'s the u.s.-japan airlines serves as a cornerstone of peace and prosperity in the asia-pacific and look forward to working closely with the new japanese prime minister, cabinet, and the people of japan for bilateral, regional, and global issues. i would also like to say the president appreciates prime minister nota's contributions to u.s.-japan relations on a number of issues and would like to thank the prime minister for his service and wish him well in his future endeavors. as you know, the new prime minister does not take office -- and i did not want to get ahead of that, before we start talking about potential meetings or policy discussions with him. >> you made the point about -- that that was not the day to talk about policy, talking about gun control. but we are looking for more specifics especially since the president said quite plainly
also he said he would like to stop the challenge from china over the disputed islands. will the u.s. support that division? >> first of all we would like to congratulate liberal democratic party presidential and so i -- election.'s the u.s.-japan airlines serves as a cornerstone of peace and prosperity in the asia-pacific and look forward to working closely with the new japanese prime minister, cabinet, and the people of japan for bilateral, regional, and global issues. i would also like...
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Dec 27, 2012
12/12
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communist china killed far more of those two tyrannies combined, with no christian heritage to speak of. there are serious scholars that makes serious arguments that there is something and luther's temperament that was germanic. he was no democrat. the more, the merrier. religious factions or alternative sources of social authority. what you want is a society in which the state does not monopolized social authority. >> you talked extensively about religion in the united states contributing to [inaudible] there is one particular force that think they can inflict their views on this country. they insist said it was the intention of the founding fathers to create a christian equivalent of iran, which i do not think is the case. just because you are religious, it does not make you write all the time. >> get in line with everybody else. with respect, i disagree with what you just said. the religious right, which i obviously am not a member, rose after the religious left in the form of the reverend martin luther king and jesse jackson, etc., etc. the religious right was provoked into polit
communist china killed far more of those two tyrannies combined, with no christian heritage to speak of. there are serious scholars that makes serious arguments that there is something and luther's temperament that was germanic. he was no democrat. the more, the merrier. religious factions or alternative sources of social authority. what you want is a society in which the state does not monopolized social authority. >> you talked extensively about religion in the united states...
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Dec 20, 2012
12/12
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united states-china economic review commission. signed sincerely, karen l. haas. the speaker pro tempore: the chair will he want taint up to 15 requests for one-minute speeches on each side of the aisle. for what purpose does the gentlelady from kansas seek recognition? ms. jenkins: to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. ms. jenkins: growing up on a kansas dairy farm, i know the estate tax is a threat to family farms. this tax makes bailing hay and shoveling manure sound like a get rich quick scheme when most family farms make an average of $45,000 a year. raising the estate tax to 55% and dropping the exemption to $1 million, might sound feasible to a hedge fund manager but it will jeopardize the future of farmers and their families, forcing many to sell their farms they worked for generations on. many farmers are land rich but cash for poor. the average land value for 65,000 kansas farms is $900,000. throw in a $300,000 combine, a $250,000 tractor and kansas farmers are sud
united states-china economic review commission. signed sincerely, karen l. haas. the speaker pro tempore: the chair will he want taint up to 15 requests for one-minute speeches on each side of the aisle. for what purpose does the gentlelady from kansas seek recognition? ms. jenkins: to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. ms. jenkins: growing up on a kansas dairy farm, i know the estate tax is a threat to...
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Dec 20, 2012
12/12
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we have to protect them against china. mitt romney got something right in his debate against the president when he said he's not afraid of toughening sanctions against china for currency manipulation because he said, people say they're going to cut off the trade. they make an enormous amount of money out that have trade, why would they cut it off? agreed. why would the chinese shut down the navigation routes in which they make an enormous amount of money? it's like domino's deciding to tear up the streets so they couldn't deliver the pizza but we are spending money on a navy that protects every shipping lane everywhere in the world as if we were the only ones who had that interest. now let me get this one. surprising from conservatives. to airlift humanitarian aid anywhere in the world. now, i wish we were doing more in haiti. i wish we were doing more to stop children from dying of illness in africa. but we have to give humanitarian aid anywhere in the world to our wealthy allies and others? frankly i wish we were better
we have to protect them against china. mitt romney got something right in his debate against the president when he said he's not afraid of toughening sanctions against china for currency manipulation because he said, people say they're going to cut off the trade. they make an enormous amount of money out that have trade, why would they cut it off? agreed. why would the chinese shut down the navigation routes in which they make an enormous amount of money? it's like domino's deciding to tear up...
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Dec 4, 2012
12/12
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if they understood that the highway fund is running a deficit, and having to borrow from china to fix the reds, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds of other taxes. as an elected official. i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one areif, if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to washington will be used there instead of new spending or broken spending programs. the lessons we look from
if they understood that the highway fund is running a deficit, and having to borrow from china to fix the reds, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds...
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Dec 7, 2012
12/12
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now china is a big user. it is like any commodity. host: mr. sieminski, what are the major renewable energy source available to be developed in the eastern u.s., and how do we get them to get started? guest: the eastern united states energy resources, in the east coast of the u.s., we now have discovered there is a lot of natural gas. it basically starts in west virginia and runs up into pennsylvania and up into new york state. if we go back the last 100 years, pennsylvania and west virginia have been big producers of coal in the u.s. the oil industry started, the first well was drilled in pennsylvania back in 1859. the wind resources along the east coast, are being developed as well pro. probably the most exciting thing being developed in the east coast is a possibility there --uld b host: on the same question of what is out there, what is the u.s. energy independence status if all the offshore oil and anwar are included? guest: it goes to the answer that frank gave. all of the oil in the united states does not belong to the federal government
now china is a big user. it is like any commodity. host: mr. sieminski, what are the major renewable energy source available to be developed in the eastern u.s., and how do we get them to get started? guest: the eastern united states energy resources, in the east coast of the u.s., we now have discovered there is a lot of natural gas. it basically starts in west virginia and runs up into pennsylvania and up into new york state. if we go back the last 100 years, pennsylvania and west virginia...
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Dec 24, 2012
12/12
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it's been a great pleasure to serve a thoughtless member denigrate china. i want to passmy congratulations on to them, to wish everyone a merry christmas. and jason ault meyer. i forgot my friend jason also. he was on and then off and then back on. he did serve. we appreciate his service. i wish everyone a merry christmas. we can go on and on. anyway, we may have to get a whole list to read. anyway, merry christmas, we are adjourned. [inaudible conversations] [inaudible conversations] samaj [inaudible conversations] [inaudible conversations]
it's been a great pleasure to serve a thoughtless member denigrate china. i want to passmy congratulations on to them, to wish everyone a merry christmas. and jason ault meyer. i forgot my friend jason also. he was on and then off and then back on. he did serve. we appreciate his service. i wish everyone a merry christmas. we can go on and on. anyway, we may have to get a whole list to read. anyway, merry christmas, we are adjourned. [inaudible conversations] [inaudible conversations] samaj...
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Dec 10, 2012
12/12
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the other issue is china. we need to keep the chinese people here because when they go back, they will compete with us. timing, i think, is everything and we need to get this going and we need to get it now. and there is perhaps an important point in dividing visa issue from the general immigration issue. because one can be dealt with i think much more quickly. then the other one can. >> any comments on that? >> that's actually been my view for some time. because of the urgency around entrepreneurship and innovation, moving quickly to deal with high school immigration is the right way to go and very supportive of senator warner and cubio and mow ranio starting it back 2.0. if there was a consensus in the congress, and with the white house move on that, i would be delighted. my own assessment at this point is that that's unlikely. that i think unless there is a broader solution around immigration t. doesn't have to be everything, which is why it might be sort of start back plus maybe it could be comprehensive.
the other issue is china. we need to keep the chinese people here because when they go back, they will compete with us. timing, i think, is everything and we need to get this going and we need to get it now. and there is perhaps an important point in dividing visa issue from the general immigration issue. because one can be dealt with i think much more quickly. then the other one can. >> any comments on that? >> that's actually been my view for some time. because of the urgency...
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Dec 10, 2012
12/12
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the problem from the russian point of view was that gorbachev also wanted to improve relations with china and japan. and with 100 i.n.f. missiles directed at them how was he going to do that? it was not in their interests to have 100 missiles out of europe. and it was really in their interest. now we've access of records of politburo discussions. let me go back to a couple of words about president reagan. before he first met gorbachev, he wrote out on a yellow pad several pages, without any prompting from anybody, what he wanted to achieve at geneva in his first meeting. bud mcfarland handed me this as we were getting on the plane to go to geneva saying there is what the president has in his mind. if he is wrong somewhere we will have to straighten him out in briefings. actually, it was a very per self-active paper and among -- pe perce perceptive. one of them was a lack of trust or we were not going to some anything else. added if i don't achieve anything else, i must convince gorbachev that though we don't want an arms race, if he wants one he is going to lose it. and, number three, wha
the problem from the russian point of view was that gorbachev also wanted to improve relations with china and japan. and with 100 i.n.f. missiles directed at them how was he going to do that? it was not in their interests to have 100 missiles out of europe. and it was really in their interest. now we've access of records of politburo discussions. let me go back to a couple of words about president reagan. before he first met gorbachev, he wrote out on a yellow pad several pages, without any...